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BoJ's Ueda urges caution on ETF strategy

Bank of Japan Governor Kazuo Ueda stated that the central bank will continue to raise interest rates if economic and price developments align with projections.
Ueda explained that Japan's recent 'very high' inflation is mainly due to temporary factors like rising import costs and food prices.
The BOJ increased its short-term policy rate to 0.5% in January, as it believes Japan is close to achieving its 2% inflation target.
Ueda mentioned that underlying inflation is expected to gradually converge toward 2%, despite temporary rises in food prices.

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Bloomberg

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BOJ to Keep Raising Benchmark Rate If Outlook Is Met, Ueda Says

Bank of Japan Governor Kazuo Ueda indicated he aims to keep his options open ahead of the bank’s next policy meeting, as traders searched for hints on the next rate hike timing during three hours of questioning in parliament.

8 days ago·United States

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thepatriotlight.com

Far Right

ThePatriotLight - BOJ to keep raising benchmark rate if outlook is met, Ueda tells parliament

ThePatriotLight - The Bank of Japan will continue to raise its benchmark interest rate if its economic projections are realized, Gov. Kazuo Ueda said."Although there are pockets of weakness, the economy is recovering moderately,” Ueda said Wednesday in his semiannual report to parliament. "We believe that growth has continued to exceed the potential growth rate as the positive cycle from income to spending gradually strengthened against the back…

8 days ago

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読売新聞オンライン

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BOJ To Keep Raising Interest Rates If Economy on Track, Governor Ueda Says

TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue to raise interest rates if economic and price developments move in line with its projections.

8 days ago·Japan

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Nikkei

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Bank of Japan stays on sidelines as 10-year yield climbs toward 2%

TOKYO -- The Bank of Japan is taking a wait-and-see approach as yields on long-term Japanese government bonds rise, spurring commercial banks to follo

8 days ago·Japan

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breakingthenews.net

Center

BoJ's Ueda urges caution on ETF strategy

Bank of Japan Governor Kazuo Ueda said policymakers need more time to decide on the central bank's exchange-traded fund (ETF) holdings. Speaking in parliament, he stressed the importance of consi...

9 days ago

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